AMEX:SLV   iShares Silver Trust

If you are a silver trader, here is a long term look at the ETF . I am neutral at present, as the Dragons belly has been pierced. Price can easily trade in a narrow range here, triggering stops at an alarming rate. Wait for a pierce (and hold) of the oceans surface (Dragon takes flight) before a long position can be initiated. Support and resistance levels are clearly illustrated (green dotted, solid green and solid red lines.

Dotted Median lines provide an 80% probability, so exercise wise yet aggressive risk management. Good trading!


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